House Democratic leadership is preparing a $2.4 trillion COVID-19 relief package for a vote as early as this week. While there have been reports that House Speaker Nancy Pelosi (D-CA), White House Chief of Staff Mark Meadows and Secretary Treasury Steve Mnuchin have resumed talks, the House has begun to prepare for a vote on a new $2.4 trillion relief package. The House previously passed a $3 trillion package in May, but negotiations between Congressional Democrats and the White House broke down in August over the ultimate price tag of the legislation as well as the terms of unemployment compensation and liability protections.
NRMCA continues to advocate for an additional COVID-19 package including reforms to the Paycheck Protection Program (PPP), emergency funding for state departments of transportation to reinstate canceled and delayed projects, and liability protections for businesses operating through and after the pandemic.
Earlier this week, NRMCA and a broad coalition of small business groups sent a letter to Congressional leadership supporting Rep. Jamie Herrera-Butler’s (R-WA) procedural effort to force the House to consider a bill that would allow hard-hit businesses to take a second round of PPP; streamline forgiveness for loans under $2 million and allow 501(c)6 non-profit organizations to access PPP loans.
For more information, contact Andrew Tyrrell at atyrrell@nrmca.org.
National Ready Mixed Concrete Association